Step 1: Log in to your FXCE account
Step 2: Click on Menu icon (1), then click on Digital Banking (2) & choose P2P Lending (3).
Step 3: Choose the loan which satisfies your credit demand.
Then, click [Borrow] to start borrowing.
Step 4: Fill in information to borrow
1. Fill in the amount to borrow, the system will automatically calculate the amount to collateralize & vice versa. This is determined based on the following calculation:
Borrowing amount = Collateral amount * Current exchange rate * LTV ratio
2. Loan to value ratio
Max Loan to value is 50% set by lender. In borrowing interface, it's automatically filled in with 45% (which is eligible for borrowers to adjust).
3. Margin call
Stop out level is 49% set by lender. In borrowing interface, it's automatically filled in with 54% (which is eligible for borrowers to adjust).
4. Borrowers also can see Margin call & Liquidation occurs at which price.
Step 5: Click [Start borrowing] to borrow.
***Note: You need to enter the password if required.
To make better borrowing, view more about: